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PT Red Planet Indonesia Tbk (PSKT:IJ) is part of the regional Red Planet Hotels group, which has quickly established itself as one of the region’s fastest-growing investment platforms within the value hotel hospitality sector.

PT Red Planet Indonesia Tbk currently owns and operates seven hotels across Indonesia, with a pipeline of projects extending to 2017. It plans to at least double its portfolio by 2020 through green field builds and acquisitions.

Formerly trading as PT Pusako Tarinka Tbk, the company changed its name to PT Red Planet Indonesia and launched on May 22, 2014.

It has positioned itself as a growing, scalable investment platform trading in Indonesia’s rapidly expanding value hotel sector.

Founded in 2010, Red Planet is the developer, owner and operator of 22 hotels, with nine in the Philippines, seven in Indonesia, four in Thailand and two in Japan for a total of 3,461 rooms.

Its robust and scalable technology platform provides cutting-edge reservation and destination tools for customers, ensuring a fast and high-value experience and ongoing market leadership and brand relevance.

Red Planet pioneers a stylish value hotel offering with all properties centrally located featuring power showers, upscale beds and linen and high-speed Wi-Fi.